SnapChat in my OPINIONThis company is burning cash and will continue burning for years. IF a recession hit USA the stock price of this market will be ZERO. It will not attract even a single ad buyer and burning cash will double
Snap
$Snap snaps furtherSnap continues on its down trend despite what looked like a second wind last week. Look for break of $8.90 resistance on hourly chart to send this further down. $9.56 will constitute a firm reversal.
TRADE IDEA: SNAP NOV 16TH/JAN '20 COVERED LONG COMBOThe setup consists of a long combo (a Jan '20 10 short put + a Jan '20 10 long call) and a November 16th 10 short call. The combo aspect of the setup acts as synthetic stock, with a static 100 delta metric, and the short call works as it would in an ordinary covered call.
Max Profit: $93/contract
Max Loss/Buying Power Effect: $907/contract/$335/contract
Break Even: 9.07/share
Theta: .76
Delta: 50.1
Here, I'm just looking for a modest bounce through the 10 strike post-earnings. If it doesn't occur fairly quickly, I think I've given myself plenty of time to reduce cost basis ... .
SNAP Long Term Supply and Demand AnalysisWK Supply drawn in a previous post was triggered for a short and played out perfectly.
Price is now printing all time lows, down trends on the 3M/MN and WK time frames.
New supply zones forming on all of the higher time frames. At this point I won't be taking any more shorts unless there are very obvious supply zones. I am very cautious when it comes to shorts at all time lows!
There is nothing on any chart that would make me think about going long.
Snapchat waiting for better days... clear downside for nowSnapchat waiting for better days... clear downside for now
Snapchat test of trend lineWe are expecting a test and possible break of a bearish trend line, this will see a bullish trend.
The reason we are suggesting a bullish movement and break of trend line is because we are excited about Snapchats plans and recent earnings news.
Entry, SL and TPs are reserved for our clients, please message us if you are interested in joining.
Snapchat - Wartung for the BullsSnapchat's first hour shareholders did not have much to laugh about since going public. Already 50% of your entry price has given up the stock and it wants to pay no strength so far. It is therefore still too early to buy in, because others should fight the way free. If these are successful, then we like to jump on the moving train and use the correction of a possible wave 2 on the trend channel. However, the prerequisite is that the wave 1, the search narrowing trend channel skips. In the chart you can see the tradingplan to benefit from the run-up.
Straddle into EarningsNo clue where SNAP is heading, but it is going to be a big move either way. Even with high IV the move will likely be great enough to be worth the straddle.
Snapchat in TroubleSellers are extremely heavy on this stock and I would recommend finding a supply zone and entering short on this stock. The company itself is losing users.
I'm part of Gen Z myself and see myself and my friends using Instagram way more. Not even that, Snap doesn't have the hyper targeting that Instagram can do with the power of Facebook. Instagram is so much more backed.
Only thing supporting this stock is the 11.00 range. Strong demand zone, but if the company doesn't pivot fast enough, I can see that breaking as well.
OPENING: SNAP AUG 17TH 12/12.5 SHORT STRANGLE... for a 2.08/contract credit.
Although the underlying announces in 7, I'm taking advantage of the high rank/implied (85/88) in this small stock here since I can play it naked without tying up a ton of buying power or taking on huge notional risk.
Since it's so "skinny," I'll look to treat it as a short straddle, shooting for 25% of max profit or about .52 ($52) per contract.
Metrics:
Max Loss/Buying Power Effect: Undefined/~2.30 ($230)/contract (on margin)
Max Profit: 2.08 ($208)/contract
Break Evens: 9.92/15.48
Delta: -10.88
Theta: 6.56
QUICK BUY SNAPThere is an amazing relationship between Twitter and Snapchat. They both have had great earnings, TWTR will most likely correct itself this next week, while SNAP will remain bullish. Watch the integration of Bollinger Bands, I feel could mean a possible adjustment in their relationship regarding price. Also, about Twitter, I love this app and will take it long term over any other social media platform, it seems like Trump has given it the boost it needed, I can see it is remaining as a future powerhouse of communication - people are able to express their views in an open-fashion and the app has worked to interconnect them with political figures and news channels - I just feel there needs to be greater international expansion...
Favorite stock of my watchlist: SNAPI really like the bull pennant emerging in NYSE:SNAP . SNAP is one of my favorite stocks on my watchlist. The relative strength from SNAP is enormous in both up and down days. Expecting this one to go higher soon.
SNAP is mostly overlooked by many traders, which can give the share price an extra impulse once the price rises.
Breakout over $13.24
Resistance: $13.38
$SNAP Overbought 10%+ Downside$SNAP Looking overbought after gaining 30%+ since the end of May. After earnings gap fill to just over $14, looking primed for a correction. Will look for red candle tomorrow for confirmation.
I see 10%+ downside from here within a month - price target $12.00-12.50 area by mid-July.
$SNAP options play.Just an idea I'm playing.
Mid-term calls @ 5 Contracts 12.50 July 8th
Short-term Puts @ 3 Contacts 13.00 June 15th
Snapchat - It's not Facebook, You Just Recognize the Name(Trade this on 1Broker in my signature link for no-fees BTC-settled markets with social trading)
Snapchat dumped ~40% on earnings call for a reason. Now there's some murmurs going around about a partnership or an announcement or some nonsense and price has recovered.
Charlatan analyst groups like Citron are calling for $17 and if you read their research, it's a hilarious joke that only pump and dump believers would buy.
This is a phone app that people use to show each other their junk. Retail just recognizes the name and wants to buy it because bulltards.
$13.60 orderblock is being violated so it seems obvious this is going up more.
Ascent of uptrend is very steep and that doesn't seem to make a lot of sense for dumping 40%
What sucks here is the risk of squeezes against stops at $15-16, but I'm of the opinion that the move in this price area is the squeeze itself.
Looking to sell short over the May high, but I do not believe $16 or $17 is going to happen either.
Short: $14.50-$14.75
Stop: $15.90
Target: $11.25
R/R: 3.04
Remember, you don't have to win every trade. You just have to make more money on your winners than you do on your losers.
If this short is successful then you can also keep a portion of it for long term holdings.
Will be a public trade on 1Broker when active. You can "copy" me on the platform as well.
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SNAP looking for a bullish breakoutBought SNAP back at the opening on the retest. Looking for a breakout from the bullish pennent.
SNAP breaks out: to fill gap, return to weekly volume profileSNAP has closed above the daily downward trend. A long here on the daily timeframe could give good R:R if risked off all time lows with a target at the weekly volume profile, which coincides with filling in the recent gap.
$SNAP Time has comea break here would be bull ~ however, this descending broadening wedge may not be over so wait for confirmation
SNAP Short Watch by Studying the VolumeLearn the CTP basics by getting our mini series free.
customtradeplan.com
Volume is everything. Tradingview does not show the full volume of SNAP compared to other charting packages. It may be best to watch our youtube video here to see the complete volume explanation.
youtu.be
In a nutshell, SNAP is overall still in a downtrend and is giving up the volume here. The potential for ending volume as what triggered this morning is strong. Confirmation would be a break of today's low with a stop over today's high. Intraday confirmation has already occured, though daily confirmation is always stronger. At this point, the burden of proof is not giving enough reasons to add to any longs, but is not yet confirming sell. A tight hold is in place if still long, and if no position, a watch to the short side is recommended.
Volume is everything when trading countertrend breakouts. If you don't understand this, watch our CTP Basics 10 minute video on volume. Without the right foundation, you will never get to a spot where you can build your technical self up. GL.
SNAP CHAT POTENTIAL REJECTION AT 14.50SNAP, INC has been on a steady decline since it hit the market. In a period where the tech sector has been performing well despite recent market shocks, SNAP has not been rising with it's tech cousins. The company has also had some trouble from a recent redesign which upset users as well as some other internal issues.
We are seeing a rise from the $10.00 handle since Citron Research issued a rare buy recommendation last week for SNAP, INC indicating that the SNAP,INC is oversold, undervalued, and that the recent problems they have been having are priced-in. They expect a rise to $17.00 before the bullishness ends.
Personally, I don't see it. They could be making temporary recovery from their recent slide, but I see the short term bullishness ending around 14.50 when we hit the Kumo Cloud resistance. We also have a fair amount of short term resistance around the 16.40 area which we would need to break before we see 17.00.
